Please find the attached Outcome of the Board Meeting held today i.e 10th February, 2026
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Awaiting price reaction for this filing.
Cranex Ltd's Board, on February 10, 2026, approved its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. Standalone revenue from operations rose modestly to Rs 1,114.54 lakhs in Q3 FY26 from Rs 1,093.30 lakhs in Q3 FY25, while nine-month revenue edged up to Rs 3,346.35 lakhs from Rs 3,308.18 lakhs. Net profit jumped sharply to Rs 32.40 lakhs in Q3 from Rs 8.94 lakhs a year earlier, with nine-month profit at Rs 122.98 lakhs versus Rs 98.98 lakhs. Basic EPS for the quarter improved to Rs 0.49 from Rs 0.15. The auditor, V.R. Bansal & Associates, issued a qualified (modified) opinion on both the standalone and consolidated results, flagging issues such as the PPE and inventory registers not being made available for verification, trade receivables and borrowings not measured at fair value under Ind AS 109, and the parent not accounting for its joint venture using the equity method under Ind AS 28.
Despite a sharp jump in quarterly profit, the auditor's qualified opinion on multiple accounting and verification matters raises governance and reliability concerns that may weigh on investor confidence and the stock price. Shareholders should watch for management's response to the auditor's qualifications in the upcoming audited annual results.